click to show more information

click to hide/show information About your Search

20120926
20121004
Search Results 0 to 2 of about 3
on businesses and the country's wealthy as it seeks to cut the nation's budget deficit. >> in formula one, team mercedes is not going to renew michael schumacher's contract after the season is over. german chancellor angela merkel will have a formidable challenger when she seeks reelection next year. it has been announced that former finance minister peer steinbruck will be running to oppose her. >> is a sharp-witted and sharp- tongued opponent. his candidacy was announced earlier today in berlin. >> he is the spd star right now after the two other contenders made way for him. the parliamentary leader refused to run a second time, and party leader did not think he would attract enough votes, so steinbruck is said to compete against his onetime ally angela merkel for the chancellorship. >> i accept the challenge to take the spd to victory in the next election. that is our goal. we want to oust this government. >> steinbruck says he wants to head a social democrat green coalition. he has a degree in economics and is known for pragmatism and expertise in fiscal policy. he is regarded as a centrist
. the leaders of the spanish regions have agreed to a strict limit on their deficits for this year. spain's overall deficit is expected to be well above the european union target. germany prospered largest insurance company has gone public. >> is the highest initial public offering late germany in about one-and-a-half years. the chief executive officer has run in a new era for the company. they have made over half a billion euros. he says the money will be used for consolidation and he is not planning any new acquisitions in the next two years. that ipo could be a hopeful sign for shares in the coming months. our markets correspondent has more from frankfurt. >> the ipo is a sign of hope for many traders. they are hoping for more ipos to come. 20% of the german mobile phone operator will soon be sold on the stock market according to its parent company. of the ipo process is planned to start as early as this week. all of this is good news for people in the trading floors because ipos only work when there is a certain not of confidence on the markets. a certain amount of reliability. with a
at this moment. if it lasts longer, maybe. so i think we should avoid it that. >>> australia's trade deficit in august grew to the highest level in more than four years. the slowdown in china's economy is taking on a toll on australian exports of iron ore and coal. officials at the australian bureau of stamm sticks announced it rose to $2 billion. looking in detail, exports fell to about $25 billion. that's down around 12% from a year ago in australian dollar terms. imports stood at about $27 billion. that's up 6% from the previous year based on a similar australian dollar comparison. last month the australian government downgraded the estimates of annual exports of iron ore due to the decline and demand from china am. >>> japan's new finance minister is it urging the passage of the >>> a japanese mining company has succeeded in extracting shale oil for the first time in the nation. a technician of the japan petroleum exploration showed black crude oil in a plastic at the oil and gas field in akita prefecture on oil. shale oil is contained in hard rock layers deep underground. engineers star
Search Results 0 to 2 of about 3